Live-Cattle Futures Rise

Live-cattle futures rallied on the Chicago Mercantile Exchange following a government report showing that fewer-than-expected cattle entered feedlots in January.

The most-active April contract jumped 1.12 cents to 97.30 cents a pound, just under the session's high of 98.10 cents, which was a life-of-contract high. The spot February gained 0.80 cent to 94.97 cents a pound.